Post Tagged with: "2018"

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share.

For 2017, the …

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Keeps Expanding in 2017 and 2018

Halcón Resources Corporation (ticker: HK) averaged 6,283 BOEPD in Q4 2017, comprised of 70% oil, 15% NGLs and 15% natural gas. The company generated total revenues of $25.3 million for the fourth quarter of 2017, but reported a net loss …

Goodrich Petroleum Closes Sale, Reports Q4

Goodrich Petroleum Closes Sale, Reports Q4

In its Q4/year-end release, Goodrich Petroleum Corporation (ticker: GDP) said it has recently closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. Goodrich said …

Range Resources Earns $333 Million in 2017, Plans $941 Million CapEx

Range Resources Earns $333 Million in 2017, Plans $941 Million CapEx

Range Resources Corporation (ticker: RRC) produced 1,444 MMcf/d of natural gas, 106,038 Bbls/d of NGLs and 15,007 BPD of crude oil and condensate in Q4 2017. Also in Q4 2017, the company had a net income of $221.185 million, or …

Bill Barrett: Conference Call Reveals Fifth Creek Merger Details

Bill Barrett: Conference Call Reveals Fifth Creek Merger Details

Colorado-based Bill Barrett Corporation (ticker: BBG) reported Q4 and year-end results today.

For the fourth quarter of 2017, the company reported a net loss of $77.8 million, or $(0.94) per diluted share. For 2017 as a whole, the company reported …

Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act.…

LINN Energy Debt Free, Outlines Plan to Split into Three Companies

LINN Energy Debt Free, Outlines Plan to Split into Three Companies

LINN Energy, Inc. (ticker: LNGG) reported its 2017 results today and provided details on its announced split into three entities.

“Through our successful divestiture program of almost $2.0 billion, we have extinguished all our debt, executed on our share repurchase …

Alta Mesa Produces 21 MBOEPD in 2017, Increases Rigs for 2018

Alta Mesa Produces 21 MBOEPD in 2017, Increases Rigs for 2018

Alta Mesa Resources, Inc. (ticker: AMR) produced 21,000 BOEPD in 2017, a 50% increase over 2016 net production of approximately 13,000 BOEPD. Total production mix for full-year 2017 was 52% oil, 17% natural gas liquids and 31% natural gas.

Fourth …

Congress Renews Crude Oil Excise Tax

Congress Renews Crude Oil Excise Tax

Ryan, LLC, a global tax service and software provider, reported that the Bipartisan Budget Act of 2018 (passed on February 9, 2018) contained a number of tax extenders, including a one-year retroactive extension of the Energy Efficient Commercial Building Deduction.…

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an …

Unit Corporation Produces 4.3 MMBOE in 2017

Unit Corporation Produces 4.3 MMBOE in 2017

In the fourth quarter of 2017, Unit Corporation (ticker: UNT) recorded a net income of $89.2 million, this compares to a net income of $1.7 million for Q4 2016. $81.3 million of the net income was accounted for as a …

Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs.

Cabot incurred a total of $757.2 …

Chesapeake Energy Completes 417 Wells in 2017

Chesapeake Energy Completes 417 Wells in 2017

Chesapeake Energy Corporation (ticker: CHK) produced approximately 593,200 BOEPD in Q4 2017. Chesapeake’s average daily production for the 2017 full year was approximately 547,800 BOE, compared to approximately 635,400 BOE in the 2016 full year.

The company’s total capital investments …

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Energy (ticker: WPX) reported Q4 2017 oil volumes of 75,200 BOPD, which was 68% higher than a year ago, and 16% higher than Q3 2017.

WPX’s first two North Sunday Island wells in the Williston Basin have 120-day cumulative …

Devon Energy Accelerates Production to 195 MBOEPD

Devon Energy Accelerates Production to 195 MBOEPD

Devon’s early ’18 production from Delaware, STACK up 20% over 2017 average

Devon Energy Corp. (ticker: DVN) accelerated production growth in early 2018. The company’s Delaware Basin and STACK assets are producing approximately 195,000 BOEPD. The combined daily production rates …

Energen Approaches 100 MBOEPD

Energen Approaches 100 MBOEPD

Energen Corporation (ticker: EGN) released financial and operating results for the fourth quarter and calendar year ended December 31, 2017.

“Over the last five years, the board and management have strategically divested non-core assets and transformed Energen into a low-cost …

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas.

The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum …

February 20, 2018 - 12:13 pm Closing Bell Story‎, Fracing
Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

No Stream Like Midstream

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America

TransCanada adds Canadian capacity

TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the …

EnerCom Dallas Oil & Gas Investment Conference Kicks Off Wednesday

EnerCom Dallas Oil & Gas Investment Conference Kicks Off Wednesday

One-on-one meeting requests are open on conference registration page for buyside attendees

EnerCom’s Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists …

Cimarex Energy Earns $5.19 per Share in 2017

Cimarex Energy Earns $5.19 per Share in 2017

  • Fourth quarter 2017 net income of $174.7 million, or $1.83 per share, compared to fourth quarter 2016 net income of $47.8 million, or $0.50 per share
  • For 2017, net income totaled $494.3 million, or $5.19 per share

Cimarex Energy Co. …

Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production

Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production

Marathon Oil Corporation (ticker: MRO) will have a $2.3 billion capital budget for 2018. The company said the budget is self-funding at $50 average WTI and will generate free cash flow at $60 average WTI. More than 90% will be …

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

Laredo Petroleum, Inc. (ticker: LPI) has released its Q4 and full-year 2017 results. For the fourth quarter of 2017, the company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share – this included a …

Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Corporation (ticker: OXY) reported net income of $497 million, or $0.65 per diluted share, for the fourth quarter of 2017, compared with $190 million, or $0.25 per diluted share, for the third quarter of 2017.

Core income for …

Denbury Resources Plans $300 Million 2018 CapEx

Denbury Resources Plans $300 Million 2018 CapEx

Denbury Resources Inc. (ticker: DNR) released its preliminary year-end 2017 proved reserves, production and capital expenditures, along with its 2018 capital budget and estimated annual production.

Preliminary Q4 2017/annual production

Denbury’s production averaged 61,144 BOEPD (97% oil) during the fourth …

U.S. NatGas Reserves Went Up, but Oil Stands Pat in 2016: EIA

U.S. NatGas Reserves Went Up, but Oil Stands Pat in 2016: EIA

U.S. proved reserves of natural gas increased 5% in 2016, compared with a 17% decline in 2015

The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of December 31, 2016, according to U.S. Crude

Netherland, Sewell & Associates, Inc. Provides Petroleum Consulting Services Worldwide

Netherland, Sewell & Associates, Inc. Provides Petroleum Consulting Services Worldwide

Netherland, Sewell & Associates, Inc. (NSAI) is a worldwide leader of petroleum property valuations for the industry, financial organizations and government agencies. NSAI delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical and economic solutions for all facets of …

Securing the Highest Quality Executive Leadership is the Primary Focus of Preng & Associates

Securing the Highest Quality Executive Leadership is the Primary Focus of Preng & Associates

Resulting from an aging and talent-strained work force, today’s oil and gas companies that require a search for exceptionally qualified senior executives and directors, must have a search led by recruiters with global resources and networks, a deep understanding of …

February 12, 2018 - 5:59 pm Closing Bell Story‎, EnerCom Dallas 2018
Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Stock will trade on Nasdaq: AMR, starting Feb. 12

Silver Run Acquisition Corporation II (ticker: SRUN) completed its business combination with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC.

Alta Mesa is an independent exploration and production company focused on …

Bohrturm, Österreich: Weißer Hof 2014

Southwestern Energy Aims $1.25 Billion CapEx at Appalachian Basin

Southwestern Energy Company (ticker: SWN) will be going deeper into the Appalachian once again in 2018. The plan includes drilling 100-120 wells, completing 105-125 wells and placing 125-145 wells to sales.

2017 recap

In 2017, SWN had a total net …

Panhandle Oil and Gas Nets $13.7~ Million for FY2018 Q1

Panhandle Oil and Gas Nets $13.7~ Million for FY2018 Q1

Panhandle Oil and Gas Inc. (ticker: PHX) reported financial and operating results for the company’s fiscal first quarter ended December 31, 2017. For the 2018 first quarter, the company recorded net income of $13,784,939, or $0.81 per diluted share. This …